Gold ETF's surge

Discussion in 'Gold' started by Peter, Oct 10, 2012.

  1. Peter

    Peter Well-Known Member

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    Oct. 10, 2012, 5:09 p.m. EDT
    Inflows to gold exchange-traded products surge


    By Carla Mozee, MarketWatch

    LOS ANGELES (MarketWatch) Inflows to gold exchange-traded products have risen in recent weeks as investors search for protection in markets awash in liquidity from central banks, and such moves are likely to continue through the end of the year.

    Exchange-traded funds tracked by Commerzbank have increased their holdings by 13 metric tons over the past two days, and 191 metric tons of gold have flowed into related ETFs since the end of July, the bank said.

    Meanwhile, inflows to gold exchange-traded products which include notes and funds reached $7.7 billion in the third quarter of 2012, the b

    ...
    During the second quarter of 2010 investors were in part worried about talk of a default by debt-stricken Greece, "and we saw huge inflows into gold on the back of that as people were trying to hedge themselves," said Will Rhind, managing director of ETF Securities.

    http://www.marketwatch.com/story/in...aded-products-surge-2012-10-10?dist=afterbell
     

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